If you're after a better book on this subject, save your time and read the classic "Think and Grow Rich" by Napoleon Hill.
The Millionaire Fastlane
21–30 of 86 posts
Re: The Millionaire Fastlane
#22Slow lane folks, I sleep like a baby.
Re: The Millionaire Fastlane
#23Saying it once and for all: Not everyone can be rich. And getting rich requires lots of luck. That's why it's better to be frugal and invest wisely, than to gamble on writing a best seller or invent the next big thing.
I'm not saying don't invent or write books either. Just don't bet your life on it.
Re: The Millionaire Fastlane
#24Earlier quoted context omitted.
4-time MLM business owner? Have your actually read the book? For one thing MJ is against MLM's because it fails the commandment of control and entry (read the book to find out). For those of you curious about the book, just read the sample chapters given in his forum, or listen to the audio book sample. Make your own conclusions. For one thing this is the book venture capitalists don't want you to read.
Looks a bit spammy to me. I recommend this one every chance I get as a practical book about how to do your own small business as a developer: http://www.amazon.com/Start-Small-Stay-Developers-Launching-... One of the things I like about it is that it is not a "get rich quick" book. Indeed, one of the quotes I highlighted is "strive to build a startup that generates $500 per month in profit". That really resonated wit…
Thanks for this. I've not seen this book before and, like you, most of these other books feel way too spammy to me.
Re: The Millionaire Fastlane
#25Saying it once and for all: Not everyone can be rich. And getting rich requires lots of luck. That's why it's better to be frugal and invest wisely, than to gamble on writing a best seller or invent the next big thing. I'm not saying don't invent or write books either. Just don't bet your life on it.
He isn't proposing that everyone can be rich. Have you read the book?
He's proposing that 1. If you don't think it is possible for you, it will never be. 2. Getting rich (financially) requires a LOT of hard work
On the subject of saving and investing wisely, he reminds the readers that investment works on compound interest. It is good to invest, but the more you put in, the more you get in return and it is a pretty slow process.
It is good to be smart with money and invest wisely, but without high risk, there would be little high reward.
It seems like a lot of people are dismissing the book without looking at the contents of it... (sort of brought it on himself with the title)
Also, the book is NOT saying getting money is the end-all. He emphasizes the important of health, family and freedom (which may or may not mean money for people)
Re: The Millionaire Fastlane
#26I think that's pretty risky advice. Just because most millionaires took the 'fastlane', doesn't mean that most fastlaners will become millionares. It gives a bit too optimistic vision of that fastlane. A risk analysis of taking the fastlane vs slowlane would be nice. If you have a family to support, I think the "don't quit your day job" advice is better than anything in this book.
Re: The Millionaire Fastlane
#27Saying it once and for all: Not everyone can be rich. And getting rich requires lots of luck. That's why it's better to be frugal and invest wisely, than to gamble on writing a best seller or invent the next big thing. I'm not saying don't invent or write books either. Just don't bet your life on it.
...says the not-an-entrepreneur. Some of us think its NOT better to play it safe. Just sayin.
Re: The Millionaire Fastlane
#28Earlier quoted context omitted.
4-time MLM business owner? Have your actually read the book? For one thing MJ is against MLM's because it fails the commandment of control and entry (read the book to find out). For those of you curious about the book, just read the sample chapters given in his forum, or listen to the audio book sample. Make your own conclusions. For one thing this is the book venture capitalists don't want you to read.
Yes, I read it. He says in the book that it took him ownership of four consecutive MLM businesses (I use the term lightly) to realise that the only person who profits from MLM is the person who starts the business itself. Who needs four full ownership experiences to realise that? I realised it from the literature when I was 17. Not to mention the many times he quasi-advocates actually starting MLM structures. I can q…
"Who needs four full ownership experiences to realise that? I realised it from the literature when I was 17."
Well the author needed that before he went on to sell his company for XX million.
A lot of people make mistakes on the road to wealth, we can't all be as smart as you were at 17. That's why he wrote the book to help people skip some of those mistakes.
Re: The Millionaire Fastlane
#29Saying it once and for all: Not everyone can be rich. And getting rich requires lots of luck. That's why it's better to be frugal and invest wisely, than to gamble on writing a best seller or invent the next big thing. I'm not saying don't invent or write books either. Just don't bet your life on it.
"And getting rich requires lots of luck."
No it requires making something useful to other people that you can sell to them. You really should read the book.
Airbnb (hardwork and launching 4 times? nah just luck) Dropbox (solving a hard problem? nah just luck)
"That's why it's better to be frugal and invest wisely" This concept is explored in depth in the book.
It's called wealth in a wheelchair and is highly dependent on the stock market and property market (things you don't control performing favourably for you).
Re: The Millionaire Fastlane
#30Saying it once and for all: Not everyone can be rich. And getting rich requires lots of luck. That's why it's better to be frugal and invest wisely, than to gamble on writing a best seller or invent the next big thing. I'm not saying don't invent or write books either. Just don't bet your life on it.
He isn't proposing that everyone can be rich. Have you read the book? He's proposing that 1. If you don't think it is possible for you, it will never be. 2. Getting rich (financially) requires a LOT of hard work On the subject of saving and investing wisely, he reminds the readers that investment works on compound interest. It is good to invest, but the more you put in, the more you get in return and it is a pretty s…
He hasn't. He probably skimmed the title and started writing his post then and there.